Metropolis Capital Ltd Buys 63,541 Shares of Mastercard Incorporated (NYSE:MA)

Metropolis Capital Ltd increased its stake in shares of Mastercard Incorporated (NYSE:MA) by 19.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 395,189 shares of the credit services provider’s stock after acquiring an additional 63,541 shares during the period. Mastercard comprises 6.8% of Metropolis Capital Ltd’s holdings, making the stock its 7th largest position. Metropolis Capital Ltd’s holdings in Mastercard were worth $195,144,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MA. Symphony Financial Ltd. Co. grew its holdings in Mastercard by 11.0% in the third quarter. Symphony Financial Ltd. Co. now owns 8,055 shares of the credit services provider’s stock valued at $3,977,000 after purchasing an additional 798 shares during the period. Eastern Bank grew its holdings in Mastercard by 10.0% in the third quarter. Eastern Bank now owns 15,433 shares of the credit services provider’s stock valued at $7,621,000 after purchasing an additional 1,399 shares during the period. Sierra Capital LLC grew its holdings in Mastercard by 37.2% in the third quarter. Sierra Capital LLC now owns 5,584 shares of the credit services provider’s stock valued at $2,757,000 after purchasing an additional 1,513 shares during the period. Signaturefd LLC grew its holdings in Mastercard by 1.0% in the third quarter. Signaturefd LLC now owns 21,133 shares of the credit services provider’s stock valued at $10,435,000 after purchasing an additional 213 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Mastercard by 17.3% in the third quarter. Sequoia Financial Advisors LLC now owns 18,467 shares of the credit services provider’s stock valued at $9,119,000 after acquiring an additional 2,721 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. William Blair upgraded Mastercard to a “strong-buy” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. raised their target price on Mastercard from $570.00 to $593.00 and gave the company an “overweight” rating in a research report on Monday. Argus upgraded Mastercard to a “strong-buy” rating in a research report on Thursday, August 1st. Barclays raised their target price on Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, TD Cowen lifted their price objective on Mastercard from $532.00 to $533.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and an average target price of $525.68.

Insiders Place Their Bets

In other Mastercard news, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the sale, the insider now owns 92,033,308 shares in the company, valued at $43,113,923,465.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Foundation Mastercard sold 119,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the transaction, the insider now directly owns 92,033,308 shares of the company’s stock, valued at approximately $43,113,923,465.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 340,809 shares of company stock worth $159,610,703 in the last quarter. 0.10% of the stock is owned by company insiders.

Mastercard Price Performance

MA stock opened at $513.02 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $476.91 billion, a PE ratio of 40.78, a P/E/G ratio of 2.22 and a beta of 1.10. Mastercard Incorporated has a 12-month low of $359.77 and a 12-month high of $518.82. The business’s fifty day moving average price is $489.16 and its 200 day moving average price is $464.58.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Wednesday, July 31st. The credit services provider reported $3.59 earnings per share for the quarter, topping the consensus estimate of $3.51 by $0.08. Mastercard had a return on equity of 179.78% and a net margin of 46.45%. The company had revenue of $6.96 billion for the quarter, compared to the consensus estimate of $6.85 billion. On average, sell-side analysts anticipate that Mastercard Incorporated will post 14.3 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Wednesday, October 9th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $2.64 annualized dividend and a yield of 0.51%. Mastercard’s dividend payout ratio (DPR) is 20.99%.

Mastercard Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.